YACE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
YACE
Largest movements
- Receivables after one year -€262,310
down €262,310 (-80.5%), from €326,000 to €63,690
- Tangible fixed assets +€27,825
up €27,825 (+1123.0%), from €2,478 to €30,302
of which Furniture and vehicles: +€28,095
- Deferred charges and accrued income +€15,130
up €15,130 (+274.4%), from €5,515 to €20,644
- Receivables within one year +€13,072
up €13,072 (+10.5%), from €124,871 to €137,943
of which Trade receivables: +€17,506
- Reserves -€152,500
down €152,500 (-28.0%), from €543,860 to €391,360
- Other debts -€41,208
no longer reported in 2025 (was €41,208)
- Trade debts -€7,052
down €7,052 (-29.9%), from €23,566 to €16,514
- Financial income +€21,273
up €21,273 (+440.8%), from €4,826 to €26,099
of which Financial income: +€14,273
- Depreciation +€11,214
up €11,214 (+611.6%), from €1,834 to €13,047
- Gross operating margin -€8,220
down €8,220 (-7.1%), from €115,953 to €107,732
- Other operating charges +€1,488
up €1,488 (+165.6%), from €899 to €2,387
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €651,944 | €449,640 | -€202,304 | -31.0% |
| Fixed assets | 21/28 | €2,478 | €30,302 | +€27,825 | +1123.0% |
| Tangible fixed assets | 22/27 | €2,478 | €30,302 | +€27,825 | +1123.0% |
| Furniture and vehicles | 24 | - | €28,095 | +€28,095 | |
| Other tangible fixed assets | 26 | €1,565 | €2,207 | +€643 | +41.1% |
| Assets under construction and advance payments | 27 | €913 | - | -€913 | |
| Current assets | 29/58 | €649,466 | €419,337 | -€230,128 | -35.4% |
| Amounts receivable after more than one year | 29 | €326,000 | €63,690 | -€262,310 | -80.5% |
| Other amounts receivable | 291 | €326,000 | €63,690 | -€262,310 | -80.5% |
| Amounts receivable within one year | 40/41 | €124,871 | €137,943 | +€13,072 | +10.5% |
| Trade receivables | 40 | €116,326 | €133,832 | +€17,506 | +15.0% |
| Other amounts receivable | 41 | €8,545 | €4,111 | -€4,434 | -51.9% |
| Cash at bank and in hand | 54/58 | €193,080 | €197,060 | +€3,980 | +2.1% |
| Deferred charges and accrued income | 490/1 | €5,515 | €20,644 | +€15,130 | +274.4% |
| Total equity and liabilities | 10/49 | €651,944 | €449,640 | -€202,304 | -31.0% |
| Equity | 10/15 | €558,027 | €405,595 | -€152,432 | -27.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €543,860 | €391,360 | -€152,500 | -28.0% |
| Distributable reserves | 133 | €543,860 | €391,360 | -€152,500 | -28.0% |
| Profit (loss) carried forward | 14 | €7,967 | €8,035 | +€68 | +0.9% |
| Amounts payable | 17/49 | €93,917 | €44,045 | -€49,872 | -53.1% |
| Amounts payable within one year | 42/48 | €93,917 | €44,023 | -€49,894 | -53.1% |
| Trade debts | 44 | €23,566 | €16,514 | -€7,052 | -29.9% |
| Suppliers | 440/4 | €23,566 | €16,514 | -€7,052 | -29.9% |
| Taxes, remuneration and social security | 45 | €29,143 | €27,508 | -€1,634 | -5.6% |
| Taxes | 450/3 | €29,143 | €27,508 | -€1,634 | -5.6% |
| Other amounts payable | 47/48 | €41,208 | - | -€41,208 | |
| Accrued charges and deferred income | 492/3 | - | €22 | +€22 | |
| Non-recurring operating income | 76A | - | €641 | +€641 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,834 | €13,047 | +€11,214 | +611.6% |
| Other operating charges | 640/8 | €899 | €2,387 | +€1,488 | +165.6% |
| Gross operating margin | 9900 | €115,953 | €107,732 | -€8,220 | -7.1% |
| Operating profit (loss) | 9901 | €113,220 | €92,298 | -€20,922 | -18.5% |
| Financial income | 75/76B | €4,826 | €26,099 | +€21,273 | +440.8% |
| Recurring financial income | 75 | €4,826 | €19,099 | +€14,273 | +295.8% |
| Non-recurring financial income | 76B | - | €7,000 | +€7,000 | |
| Financial charges | 65/66B | €82 | €140 | +€58 | +70.8% |
| Recurring financial charges | 65 | €82 | €140 | +€58 | +70.8% |
| Profit (loss) for the period before taxes | 9903 | €117,964 | €118,257 | +€293 | +0.2% |
| Income taxes | 67/77 | €35,460 | €34,689 | -€771 | -2.2% |
| Profit (loss) for the period | 9904 | €82,504 | €83,568 | +€1,064 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,504 | €83,568 | +€1,064 | +1.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.